1705 OAKMAN Boulevard, Detroit, MI 48238

Great Investment Opportunity: 13-Unit Apartment Complex in Oakman Historical District Check out this fantastic 13-unit apartment building in the Oakman Historical District of Detroit. It’s a solid investment with 10 out of the 13 units currently rented, so you’ll start earning right away! Taxes $3,800 annually Insurance $6,000 annually Gas $12,000 annually Electric $2,400 Annually Water $9,600 annually 3 units are vacant Unit 2 the building manager lives in and would like to stay, he takes care of the building and grounds in exchange for housing, has been there 20 years. Boiler in basement, original plumbing, fixed when needed and well maintained, newer electrical boxes Not a government rent controlled building and no tenants are section 8 All units are the same layout, 1 bed 1 bath, some have carpet, some have wood floors. Tenants pay electric and cooking gas. windows are 4 years old, roof is under 10 years old Located in a charming historic neighborhood with lots of character. This property combines historical appeal with recent upgrades and offers great rental income potential. It’s a smart choice for anyone looking to invest in a growing area!